DWR Wealth Management, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$199,579,778
Clients
171
Advisors
3
across 2 offices
About
DWR Wealth Management provides investment advisory and financial planning services to individuals, high-net-worth clients, business entities, charitable organizations, and retirement plans. Services include discretionary and non-discretionary portfolio management, standalone financial planning, selection of third‑party advisers, and pension consulting for ERISA‑covered plans.
The firm’s investment approach is risk‑based and grounded in modern portfolio theory, implementing diversified models that typically use no‑load mutual funds and exchange‑traded funds across a range of risk profiles from conservative balanced to pure equity. Advisors monitor accounts on an ongoing basis with periodic reviews, discourage short‑term market timing, and perform due diligence on custodial and third‑party platforms used for trading and reporting.
A distinctive feature of the firm is its affiliation with Dunham Associates CPAs, a separate CPA practice under common control, which creates opportunities for coordinated tax and advisory services; the brochure discloses this relationship and notes clients are under no obligation to use the affiliated CPA. DWR manages roughly $221 million for about 171 clients with a four‑advisor team, a configuration that results in a relatively concentrated advisor-to-client relationship supported by institutional custodial platforms.
Client services
Expertise
Fee options
One-time flat fee ranging from $2,400 to $6,000, subject to negotiation
$0.00 - $500,000.00: 1.00% annually $500,000.01 - $1,000,000.00: 0.80% annually $1,000,000.01 - $2,000,000.00: 0.60% annually $2,000,000.01 - $5,000,000.00: 0.50% annually $5,000,000.01+: 0.40% annually
$300 per hour with 8 hour minimum, subject to negotiation
Account minimum: $250,000 Fee-only: Hourly fee of $300 per hour with 8 hour minimum (subject to negotiation); one-time flat fee ranging from $2,400 - $6,000 (negotiable)
Main office
See office1884 The Alameda
San Jose CA 95128
Advisors at this office
2
Offices (2)
Most active in
Arizona · California · Texas
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Is not active or affiliated with:
-
Insurance agent
They sell insurance products and may earn commissions on those sales.
-
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
-
Bank
They're affiliated with a bank that may offer its own financial products and services.
-
Trust company
They provide trust and estate administration services, typically for separate fees.
-
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
-
Lawyer
They provide legal services, typically billed separately.
-
Real estate agent
They facilitate real estate transactions and may earn commissions.
-
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
David R
ChFC®, Series 63, Series 65
San Jose, CA
DWR Wealth Management, LLC
David Rousselot is a ChFC® credentialed financial advisor with 21 years of industry experience, currently serving at DWR Wealth Management, LLC since 2005. He engages in an unrelated family business, Rousselot & Sons, which he has maintained since 1980. DWR Wealth Management provides investment advisory and financial planning services to individuals, high-net-worth clients, business entities, charitable organizations, and retirement plans. The firm employs a risk-based investment approach grounded in modern portfolio theory, utilizing diversified models with mutual funds and ETFs, and is affiliated with Dunham Associates CPAs for coordinated tax and advisory services.
Ricky D
PFS™, Series 65
San Jose, CA
DWR Wealth Management, LLC
Ricky Dunham is a financial advisor with DWR Wealth Management, LLC in San Jose, CA, holding the PFS™ designation and a Series 65 license. He has 21 years of experience in the financial industry and has been with DWR Wealth Management since 2005. In addition, he has served as President of Dunham Associates CPAs, Inc., an accounting firm, since 1996. DWR Wealth Management provides investment advisory and financial planning services to individuals, high-net-worth clients, business entities, charitable organizations, and retirement plans. The firm uses a risk-based investment approach grounded in modern portfolio theory, offering diversified portfolios primarily composed of no-load mutual funds and ETFs tailored to various risk profiles.
Tracy N
Series 63, Series 65
San Jose, CA
DWR Wealth Management, LLC
Tracy Newquist is a financial advisor at DWR Wealth Management, LLC in San Jose, CA, with 24 years of industry experience. She holds Series 63 and Series 65 licenses and has worked at firms including Buckingham Strategic Wealth, Securities America, and Foothill Securities. Outside of her advisory role, she serves as Treasurer and Board Member of Balanced Access, a nonprofit focused on providing internet access to underserved communities. DWR Wealth Management offers investment advisory and financial planning services to individuals, high-net-worth clients, business entities, charitable organizations, and retirement plans. The firm uses a risk-based investment approach grounded in modern portfolio theory and maintains an affiliation with Dunham Associates CPAs for coordinated tax and advisory services.
Not sure where to start?
We'll help you think it through—whether you ultimately need an advisor or not. Warmer helps you compare advisors clearly, so you can choose with confidence.
For advisor listings, we rely on sources including public filings and data provided by advisors, and we cannot guarantee that all information is current or accurate. Advisors are independent and may not have reviewed or updated this information. Please review an advisor's Form ADV and do your own diligence before deciding whether to work with them.
Advisor matching and referrals are provided by FinanceHQ LLC ("FHQ"), a wholly-owned subsidiary of Warmer and an SEC-registered investment adviser. We may be compensated by participating advisors. You pay no fee to use our matching service, and advisor fees are not increased because of a referral. We do not supervise advisors, manage or hold assets, guarantee performance, or provide advice about specific investments.
By using our service, you agree to the Warmer Terms of Service and FHQ Advisory Agreement, and acknowledge Warmer's Privacy Policy. Please review FHQ's ADV Part 2A and Form CRS. Logos provided by Logo.dev
© 2026 Warmer Holdings Inc. ("Warmer")